From the course: What Is Web3?

Unlock the full course today

Join today to access over 24,700 courses taught by industry experts.

What is an NFT?

What is an NFT? - Blockchain Tutorial

From the course: What Is Web3?

Start my 1-month free trial Buy for my team

What is an NFT?

“

- [Instructor] In 2021, a new buzzword went from relative obscurity to front page news across the globe, NFT, an acronym for non-fungible token. Suddenly, there were stories of people in auction houses selling NFTs of simple computer graphics for millions of dollars in crypto coin, and everyone from Silicon Valley venture capitalists to diverse independent artists on TikTok were talking about how NFTs would revolutionize everything, concert tickets, medical records, land deeds, funding for historically excluded and oppressed populations, all would be solved by minting NFTs on the blockchain. At the same time, there were some people saying NFTs are a scam, a new type of multi-level marketing scheme or a Ponzi scheme, that an NFT is only worth as much as the next person is willing to pay for it, and you know what? All these things can be true at the same time. Regardless of where you stand on this debate, one thing is for…

Contents